Resideo spins off ADI Global with $1.5B financing package
What's the deal? Resideo TechnologiesDealroom has a profile for this one. Try Dealroom → (NYSE: REZI) has spun off its ADI Global Distribution business into a separate publicly traded company, ADI Global Distribution Inc.Dealroom has a profile for this one. Try Dealroom → The new company now trades on the New York Stock Exchange under the symbol "ADIG". The spin-off closed on 3 August 2026.
The financing. The separation came with a financing package of $400 million in senior notes and $1.1 billion in senior secured credit facilities, alongside an exchange of $150 million in liquidation preference of preferred equity.
What's the endgame? The new debt and credit facilities are designed to fund the transaction and support ADIG's balance sheet and ongoing operations as a standalone company. The financing included a bond offering plus new senior secured term loan and revolving credit facilities.
Who advised? Willkie Farr & Gallagher LLPDealroom has a profile for this one. Try Dealroom → advised Resideo across the deal, covering the corporate structuring of the spin-off and preferred equity exchange, SEC registration, the bond offering, and the loan facilities.
The signal. Spinning off ADI lets Resideo separate its distribution segment from the rest of the business, giving each a cleaner focus and its own capital structure — a common route for parent companies looking to unlock value from distinct units.
Read more: Willkie
Image credit: Logomachy
